Bidvest sale keeps interim earnings stagnant
Diversified industrial group Bidvest on Tuesday said it expected higher headline earnings and basic earnings for the six months ended December 31, 2012; however, a one-off profit pushed headline earnings slightly lower than the comparative period in the prior year.
The group expected to report a rise of between 17% and 19% in headline earnings a share for the six months under review, compared with the 613.4c a share recorded in the interim period ended December 2011.
Earnings a share would be between 23% and 25% higher than the 581.8c reported in the corresponding period the year before.
However, Bidvest pointed out that its headline earnings a share were expected to be 1% to 3% lower than the 742.3c recorded during the six months ended December 2011 if an abnormal profit of R399.1-million on the partial sale of Bidvest’s investment in Mumbai International Airport Private was included.
Earnings a share for the six-month period to December would be between 1% and 3% higher, compared with the 710.8c a share reported in the six months to December 2011, if the one-off profit was taken into account.
Bidvest would release its financial results for the six months to December 2012 on March 4.
Article Enquiry
Email Article
Save Article
Feedback
To advertise email advertising@creamermedia.co.za or click here
Press Office
Announcements
What's On
Subscribe to improve your user experience...
Option 1 (equivalent of R125 a month):
Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format
Option 2 (equivalent of R375 a month):
All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors
including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.
Already a subscriber?
Forgotten your password?
Receive weekly copy of Creamer Media's Engineering News & Mining Weekly magazine (print copy for those in South Africa and e-magazine for those outside of South Africa)
➕
Recieve daily email newsletters
➕
Access to full search results
➕
Access archive of magazine back copies
➕
Access to Projects in Progress
➕
Access to ONE Research Report of your choice in PDF format
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation















